Joint Checking Accounts

[ew2x4]

No kidding. Separate checking accounts didn't even cross my mind.

[Dugout DickStone]

put your money in a coffee can

In a cave

[GoodForAnother]

Go local with whatever you do. None of those evil assholes like Wells Fargo. And I don't really see a benefit of multiple checking accounts unless you're awful with money.

small banks take your money just like big banks

[kim carnes]

Here is my advice, choose the bank that you think is right for you.

[puniraptor]

Here is my advice, choose the bank that you think is right for you.

STUPID

[ew2x4]

Go local with whatever you do. None of those evil assholes like Wells Fargo. And I don't really see a benefit of multiple checking accounts unless you're awful with money.

small banks take your money just like big banks

Well that is their job. What matters is what they do with the money. Some places like Wells Fargo have some awful horror stories. Have fun with that.

[OB_Won]

We use a Chase Bank joint account, but Schwab looks pretty legit.  We only have one account, and neither of us wanted it differently. 

We were honest about our debt and assets while dating.  We saw each other's FICO scores for all 3 bureaus while engaged.  We then decided on financial goals and what we wanted out of life prior to marriage.  We set a budget for retirement, investments, savings, bills, etc.

With direct deposit, online bill pay, mobile banking, etc. there really isn't much of a reason to go to a branch except maybe applying for a home loan.

We have a text sent to our phones if anything over $10 is deposited, withdrawn, or transferred from our checking or savings accounts in case of fraud.  I don't bug her about what she buys, and she doesn't bug me.  If we spend more than $100 for non-essentials then we discuss it with each other prior.  However, we've found that when we're responsible with our money we don't care if the other person splurges on something.

I hope I never feel like she holds my jewels in her purse, or she feels like I'm her father.  We don't always agree, but we find we can always come to a common understanding when we work towards a solution together.

[GoodForAnother]

Go local with whatever you do. None of those evil assholes like Wells Fargo. And I don't really see a benefit of multiple checking accounts unless you're awful with money.

small banks take your money just like big banks

Well that is their job. What matters is what they do with the money. Some places like Wells Fargo have some awful horror stories. Have fun with that.

small local banks have awful horror stories too.  sure, wells fargo has more, but that's probably because they have 70 million customers.

[ew2x4]

Go local with whatever you do. None of those evil assholes like Wells Fargo. And I don't really see a benefit of multiple checking accounts unless you're awful with money.

small banks take your money just like big banks

Well that is their job. What matters is what they do with the money. Some places like Wells Fargo have some awful horror stories. Have fun with that.

small local banks have awful horror stories too.  sure, wells fargo has more, but that's probably because they have 70 million customers.

Ok. Well, good luck with that.

[steve dave]

So you're married and you are each going to have your own checking account as well as a joint checking account? Weird.

[SkinnyBenny]

Only so we can subscribe to porn websites and online gamble without the other person knowing.

[steve dave]

how are you guys going to fund this thing? like, direct deposit paychecks in each of your individual accounts and then transfer a set amount to the joint each month? does the higher earner deposit more?

[SkinnyBenny]

Prob just gonna do only a one joint one. The little no questions asked side accounts for fun tiny splurges only crossed our mind 'cause that's what they said on Ask Jeeves. Seems like more troubs than it's worth though.

[slobber]

dobber's financial pro tip:
Run everything by Jeeves 1st. gE 2nd.


Gonna win 'em all!

[SkinnyBenny]

dobber's financial pro tip:
Run everything by Jeeves 1st. gE 2nd.


Gonna win 'em all!

The word.

[SkinnyBenny]

Dobber I may be late to the game here but do you always type out the "gonna win 'em all" thing manually? Because that's fantastic.

[pissclams]

how are you guys going to fund this thing? like, direct deposit paychecks in each of your individual accounts and then transfer a set amount to the joint each month? does the higher earner deposit more?

don't most companies allow for multiple direct deposits?  i know mine does- some money to acct a, some to acct b, etc.  you just tell them what percentage goes where.


i still haven't figured out the need for a joint account, no one has given a reason

[Dr Rick Daris]

how are you guys going to fund this thing? like, direct deposit paychecks in each of your individual accounts and then transfer a set amount to the joint each month? does the higher earner deposit more?

don't most companies allow for multiple direct deposits?  i know mine does- some money to acct a, some to acct b, etc.  you just tell them what percentage goes where.


i still haven't figured out the need for a joint account, no one has given a reason

a single joint account makes it easier for paying bills. like if you don't have a joint account, who pays for cable? who pays for food? little clams goes to the ER because he busted up his knee at mcdonalds and you decide not to sue. who pays that $200 ER bill? he was with mrs clams at the time so it comes out of her account? if you go out to dinner together do you make the waitress split the check and pay out of seperate accounts? what about the babysitter? your idea to get out of the house and have a date night so you have to pay? i mean you get a joint account for the same reason that most married people choose to live in the same house and in the same town. it's easier. like way easier. i can't for the life of me imagine what the reasons would be for not having one. i mean we can talk about the reasons for having one i guess but i want to hear the need or reasons to not have one. i can't even imagine.

[Dr Rick Daris]

hey babe, i was at the store earlier and was going to get that thing you wanted but then i remembered i didn't have your check card to your account so i didn't get it. 

[Dr Rick Daris]

hey honey, sorry to wake you up but i'm heading into work and just remembered that you never paid me back for that beer that i bought you at the concert last night and i need money for lunch today.

[Dr Rick Daris]

hey the copay for little clams Dr visit yesterday was thirty dollars. i went ahead and paid it and need money now because i want to go tanning....

[SkinnyBenny]

how are you guys going to fund this thing? like, direct deposit paychecks in each of your individual accounts and then transfer a set amount to the joint each month? does the higher earner deposit more?

don't most companies allow for multiple direct deposits?  i know mine does- some money to acct a, some to acct b, etc.  you just tell them what percentage goes where.


i still haven't figured out the need for a joint account, no one has given a reason

a single joint account makes it easier for paying bills. like if you don't have a joint account, who pays for cable? who pays for food? little clams goes to the ER because he busted up his knee at mcdonalds and you decide not to sue. who pays that $200 ER bill? he was with mrs clams at the time so it comes out of her account? if you go out to dinner together do you make the waitress split the check and pay out of seperate accounts? what about the babysitter? your idea to get out of the house and have a date night so you have to pay? i mean you get a joint account for the same reason that most married people choose to live in the same house and in the same town. it's easier. like way easier. i can't for the life of me imagine what the reasons would be for not having one. i mean we can talk about the reasons for having one i guess but i want to hear the need or reasons to not have one. i can't even imagine.

Yeah, pretty much this.

Here comes RowdyBoyy   

[XocolateThundarr]

We switched to Ally Bank and I have been very pleased with them so far. 

[Dr Rick Daris]

true story alert*

my wife and i had a joint checking account before we got married, maybe even before we got engaged. can't remember for sure but def before the marriage though.

[steve dave]

I mean, what is the benefit of juggling two or three accounts when you could have one? the convenience is significant. like rick points out almost everything you buy is going to be for the benefit of both of you. I'm sure people have good systems for keeping their finances seperate but I can't think of a reason to do so. maybe the keeping stuff secret thing or whatever. if that's what you need to do then that's a different issue. or insecurity and commitment issues but you just got married.